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Investing.com-- Alibaba (NYSE:BABA) Group’s (HK:9988) Hong Kong-listed shares jumped on Monday, following the company’s recent announcement of its latest artificial intelligence (AI) model, Qwen 2.5-Max.
The Chinese tech giant revealed its new AI model last week and claimed that it outperforms leading AI systems, including DeepSeek-V3, OpenAI’s GPT-4o, and Meta’s Llama-3.1, in various benchmark tests.
Alibaba’s Hong Kong-listed shares jumped 5.1% to HK$92.80 as of 05:34 GMT.
The release of Qwen 2.5-Max comes amid heightened competition in the AI sector, particularly following the recent launch of DeepSeek’s AI assistant powered by the DeepSeek-V3 model. DeepSeek’s rapid advancements have intensified the race among AI firms, both domestically and internationally.
Alibaba’s cloud division highlighted that Qwen 2.5-Max surpasses GPT-4o, DeepSeek-V3, and Llama-3.1-405B in almost every aspect, referencing leading AI models from OpenAI and Meta Platforms Inc (NASDAQ:META).
The positive market response reflects investor confidence in Alibaba’s commitment to advancing AI technology and its potential to maintain a competitive edge in the rapidly evolving sector.